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TURLOCK, Calif., March 11, 2021 /PRNewswire/ The following is a statement from Jeffrey R. Lewis:
Now that the $1.9 trillion American Relief Plan has been signed into law by President Biden, the U.S. government has authorized expenditures of $6 trillion during the last calendar year in effort to provide relief for those most affected by the Coronavirus pandemic.
Six trillion. It s a number that makes little sense to the human mind. But look at it this way: If that $6 trillion were divvied up equally, Uncle Sam could write a $40,000 check to every taxpayer.
There are many positives associated with the package: direct relief payments, extended unemployment benefits, housing assistance, the child tax credit and, of course, aid to state and local governments.